Samuel Saillant Of United Brokers Represents Buyer In $1.249M Multifamily Sale In Lynn MA
42 Western Avenue & 44 Western Avenue
$1,249,000
Building Size
—
Asset Type
MultiFamily
Closing
Aug 23, 2024
AI
A property at 42-44 Western Avenue, Lynn, MA, featuring both a renovated single-family ranch and a two-family home, sold for $1,249,000. The asset type is classified as multifamily, consisting of 2 units with a price per unit of $624,500.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,249,000
- Units: 2
- Price Per Unit: $624,500
- Buyer's Representative: Samuel Saillant - United Brokers
- Seller's Representative: Lisa Scourtas - Re/Max
- Date of Sale: 08/23/2024
Samuel Saillant represented the buyer in this transaction while Lisa Scourtas represented the seller. The deal highlights the involvement of United Brokers and Re/Max in facilitating the sale of this multifamily property.
Players
Lynn MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
12.70%
Cash-on-Cash
-3.63%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93